Kenya Power and Lighting Company (KPLC) has recommended a final dividend of KSh1.20 per ordinary share for the financial year ended June 30, 2026, in a move that will increase its total dividend payout to KSh1.50 per share.
The proposed dividend, announced in the company’s notice ahead of its 105th Annual General Meeting (AGM), will be paid on or about December 31, 2026, subject to approval by shareholders.
The final dividend will be added to an interim dividend of KSh0.30 per ordinary share that Kenya Power paid on March 27, 2026. Both payments will be subject to withholding tax.
In its statement to shareholders, the company’s board explained the decision to increase dividend payments, stating:
“Owing to improved business performance, the Company resumed dividend payment in the year ended 30th June 2024 and has since progressively increased the dividend per share. The Board is requesting shareholders to confirm in the forthcoming Annual General Meeting an interim Dividend of KShs.0.30 per ordinary share (net of withholding tax), which was paid subject to withholding tax, on 27th March 2026.
“In addition, the Board of Directors recommends for shareholders’ approval a final dividend of KShs.1.20 per ordinary share for the Financial Year ended 30th June 2026, payable net of withholding tax, on or about 31st December 2026, to shareholders on the register at close of business on 27th November 2026.”
Kenya Power said shareholders must be on its register at the close of business on November 27, 2026, to qualify for the final dividend.
The company has scheduled its 105th AGM for November 27, 2026, at 11:00am. Shareholders wishing to participate must complete their registration by November 25 at 11:00am.
The utility also encouraged shareholders to update their electronic dividend payment details through their respective stockbrokers by November 27 to facilitate timely disbursement.
Kenya Power said shareholders could receive their dividends through mobile money transfers, Electronic Funds Transfer (EFT) and Telegraphic Transfers (TT) for those residing outside Kenya.
The company further urged investors to ensure their payment information was accurate and up to date ahead of the anticipated December 31 payment date.
The proposed payout followed improved financial performance in the 2025/2026 financial year. In its September 18, 2026, financial results announcement, Kenya Power reported a profit after tax of KSh24.99 billion, representing a 2.13 per cent increase from KSh24.47 billion recorded in the previous financial year.
The company attributed the improvement to increased electricity sales, the addition of 411,710 new customers and improved distribution and transmission efficiency.
Kenya Power Managing Director and Chief Executive Officer Joseph Siror said the improved financial position would support investments in the company’s electricity network and enhance service delivery.
“The improved debt profile enhanced profitability and strengthened the balance sheet. This enabled continued investment in the network, customer access, digital capabilities and workforce rejuvenation, while enhancing shareholder value. Going forward, the Company will focus on translating its improved financial position into better service delivery and sustained shareholder value.
“Key priorities include grid automation, smart metering, revenue protection, customer-facing digitalisation, workforce renewal and infrastructure investment to support rising electricity demand. The Company will also pursue new revenue streams, strengthen regulatory readiness and support increased generation and transmission capacity,” said Dr. (Eng) Siror.
Kenya Power’s return to dividend payments marked a significant turnaround after years without shareholder distributions.
The company resumed dividend payments in 2024 after recording a net profit of KSh30.08 billion in the financial year ended June 2024, ending a six-year period during which shareholders did not receive dividends.
According to a report by Business Daily published on October 29, 2024, the company announced a dividend of KSh0.70 per share, amounting to approximately KSh1.3 billion, following the recovery in its financial performance.
The publication reported that the dividend marked the first cash distribution to shareholders since the company suspended payments following a period of financial difficulties.
Kenya Power subsequently increased its dividend to KSh1 per share for the 2024/2025 financial year, comprising an interim payment of KSh0.20 and a final dividend of KSh0.80.
